Location: Greenville-Mauldin-Easley, SC | Metro: Greenville-Mauldin-Easley, SC HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,380 |
| 1 Bedroom | $1,430 |
| 2 Bedrooms | $1,560 |
| 3 Bedrooms | $1,860 |
| 4 Bedrooms | $2,200 |
| 5 Bedrooms | $2,552 |
| 6 Bedrooms | $2,858 |
| 7 Bedrooms | $3,087 |
| 8 Bedrooms | $3,241 |
The ZIP code 29606 in Greenville-Mauldin-Easley County stands out due to limited available data regarding its resident population, rental percentage, median income, and median home value. This scarcity of information can make it challenging to assess the overall economic health and stability of the area directly.
However, the focus for Section 8 real-estate analysts shifts towards the voucher economics, which provide a clearer picture. The Fair Market Rent (FMR) for ZIP 29606 in fiscal year 2024 is set at $1240. This figure is crucial for landlords and small-portfolio investors as it determines the maximum rent that can be charged to tenants using Section 8 vouchers. Without a specific market rent figure for comparison, it's important to note that the FMR serves as a benchmark for subsidized housing costs in the area.
Given the absence of detailed demographic and housing data, the ZIP 29606 can be characterized as having a transitional data signature. This means that while there might be ongoing changes in the local real estate market, the lack of comprehensive data hinders a precise determination of stability or volatility. Landlords and investors should closely monitor any updates in the economic indicators of this area to better understand its long-term prospects and how they align with Section 8 investment strategies.
To summarize, while the specifics of resident demographics and housing values remain unclear, the Section 8 voucher program offers a defined economic framework through the FMR. For those interested in Section 8 properties in ZIP 29606, the $1240 FMR for fiscal year 2024 provides a solid starting point for understanding potential rental income.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.